Elliott Wave Strategies: Commodity Futures Markets


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Commodity Futures Market Summary: Elliott Wave Trading Strategies; US Spot Gold, GDX, Silver, Crude Oil, US Dollar Index DXY, Copper, Natural Gas, Nickel, Iron Ore, Uranium, and Invesco DB Agriculture Fund EFT (DBA).

Market Summary: Most commodities are bearish for the next few weeks. Be mindful of Crude Oil and Natural Gas turning lower in the sessions ahead. Gold is still in the downtrend with Silver too in a small corrective rally. Soft commodities are expected higher but are in the latter part of their current trend, so don't chase that market.

Commodity Futures Overview

Elliott Wave Counts:

  • Gold Elliott wave (4) Triangle or Flat
  • Dollar Index DXY Elliott Impulse Wave (v) top in play?
  • Iron Ore Elliott wave waiting to confirm the count
  • Crude Oil Elliott wave Triangle
  • Copper Elliott wave iv)
  • Nickel Elliott Wave trending lower Wave iv) corrective rally
  • Uranium ETF Elliott wave v) of C low in place?
  • Natural Gas Elliott Wave b) of 4

Video Length: 00:27:23

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